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CarMax Senior VP Exercises Options

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-10-23
NEW YORK (AP) -- A senior vice president of used car retailer CarMax Inc. exercised options for 70,000 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Friday, Joseph S. Kunkel reported he exercised options for the shares Thursday for $2.44 apiece and then sold 35,000 shares the same day for $21 to $21.13 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.

CarMax is based in Richmond, Va.

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